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. >> he is swinging against the add that says in part, quote sold chrysler to the italians who are going to build deep in ki china. now them is fighting words when you are campaigning in ohio. he is challenging the facts in that add. the words are are literally correct but mid leading. in the auto bail out president obama allowed for the company fial which is owned by the italians to buy chrysler. so that part is true. but, they are now making some jeeps in china for the chinese markets. the adds make it seem as though they ar are taking american job and moving them to china. the ceo of the company has said that is not true. bottom line, it shows how much that auto bail out helps president obama with the voters in ohio and iowa. among non college white men in those states is higher than the other states anderson. >> hum, hinting. appreciate that. i spoke about that earlier. what is your biggest priority right now? >> well, getting power back up. i think we have done a good job on search and rescue. there may be elements of that. but the national guard has done a great job. getting lights
. >> he is swinging against the add that says in part, quote sold chrysler to the italians who are going to build deep in ki china. now them is fighting words when you are campaigning in ohio. he is challenging the facts in that add. the words are are literally correct but mid leading. in the auto bail out president obama allowed for the company fial which is owned by the italians to buy chrysler. so that part is true. but, they are now making some jeeps in china for the chinese markets....
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chrysler's ceo says it's simply not true. he writes on the company's blog, "jeep production will not be moved from the united states to china. jeep assembly lines will remain in operation in the united states and will constitute the backbone of the brand. it sin accurate to suggest anything different." the man who president obama pictured to the czar to save the auto industry is stephen ratner. i asked for a response. stephen, good to see you. how do you respond to this ad? i'm here in ohio where these jeeps are made. they said that what mitt romney has said is wrong. tell me what you know about this. >> i think chrysler and general motors actually responded more forcefully than i have ever seen a company respond in 30 years in the business in terms of the adamancy they expressed. the facts are what he said. it makes good business sense for jeep to begin to produce jeeps in china for the local chinese market. those are jeeps that are not going to really get -- could not be realistically exported from the u.s. they need to be
chrysler's ceo says it's simply not true. he writes on the company's blog, "jeep production will not be moved from the united states to china. jeep assembly lines will remain in operation in the united states and will constitute the backbone of the brand. it sin accurate to suggest anything different." the man who president obama pictured to the czar to save the auto industry is stephen ratner. i asked for a response. stephen, good to see you. how do you respond to this ad? i'm here...
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obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. >> i'm mitt romney, and i approve this message. >> all right, barbara. so forget for a moment that both general motors and chrysler have decried this ad as either false or misleading. but in the ad, governor romney says he has a plan for the auto industry. i'm curious about what is and why we haven't heard much about it until just a week before the election. >> as the ad itself says, major executives support governor romney and have point out people on the obama economic council are supporting mitt romney, because he does have a plan on day one to turn this country around in terms of jobs. and with the auto economy and everything else, you need to put people back to work. on day one, he is going to get the energy economy going and allowto allow us to have keystone pipeline opened up, and then he is going to increase economic opportunity for everybody, so that's why he's having so many people, even people on the president's own e
obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. >> i'm mitt romney, and i approve this message. >> all right, barbara. so forget for a moment that both general motors and chrysler have decried this ad as either false or misleading. but in the ad, governor romney says he has a plan for the auto industry. i'm curious about what is and why we haven't heard much about it until...
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that's a claim that chrysler has vehemently denied. >>> on the other side of ohio, mitt romney sharpened his attack on obama focusing on the economy. >> now, i know when we're elected the economy and american jobs will still be stagnant. but i won't waste any time complaining about my predecessor. i will spend my effort trying to pass partisan legislation unrelated to economic growth. from day one i'll go to work to help americans get back to work. >> romney called yesterday's job's report, "a sad reminder the economy is at a virtual stand it still." unchanged at 7.9%. while the obama campaign touted the 171,000 jobs added with improved numbers in september and august. >>> we have crews spread out across the country following the campaigns on the last weekend before the election. president obama will make his first stop today and paul steinhauser following mitt romney in pennsylvania. let's start with dan in ohio. what is on the president's schedule sph. >> well, you can expect that the president will continue to hammer away at this mitt romney on the auto industry. you pointed out there
that's a claim that chrysler has vehemently denied. >>> on the other side of ohio, mitt romney sharpened his attack on obama focusing on the economy. >> now, i know when we're elected the economy and american jobs will still be stagnant. but i won't waste any time complaining about my predecessor. i will spend my effort trying to pass partisan legislation unrelated to economic growth. from day one i'll go to work to help americans get back to work. >> romney called...
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months later when gm and chrysler asked pour more taxpayer money, congress refused. so the president did it on his own. >> we cannot and must not and we will not let our auto industry simply vanish. >> and he went against the advice of his own -- some cases, his own advisers. >> he bailed out the auto industry anyway in a wildly unpopular move opposed by nearly three quarters of americans. as well as his future republican opponent mitt romney. at first the restructuring of the industry cost thousands their jobs. >> when you look at everything from the auto bailout which was very unpopular at the time. if i'd been leading with emotions or had my political hat on, we might not have done, but saved a million jobs. >> ultimately, the bailout saved jobs and it provided the industry a safety net. but the president was not effective at selling it. >> it would be great if you were sitting down for an hour-long lecture in a classroom but not necessarily try to sell it to the public. he doesn't think in sound bites. >> while the president pushed forward on his agenda, his crit
months later when gm and chrysler asked pour more taxpayer money, congress refused. so the president did it on his own. >> we cannot and must not and we will not let our auto industry simply vanish. >> and he went against the advice of his own -- some cases, his own advisers. >> he bailed out the auto industry anyway in a wildly unpopular move opposed by nearly three quarters of americans. as well as his future republican opponent mitt romney. at first the restructuring of the...
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sold chrysler to italians who are going to build jeeps in china. it doesn't say but implies that some of those are the american jobs. >> here's what sort of drives me crazy about this. i look them up. i look them up on the ad and he gives it four pinocchios and he writes, quote, technically correct but misleading. i don't know. if it's technically correct doesn't it mean it's a two-pinocchio thing or something? bill says we expect ads to be a little misleading. >> let me get a brief comment from you. >> the romney ad, second radio ad started. he said he saved the auto industry. for ohio or china. that is not -- you know what romney's trying to say. there's no doubt what he's trying to say, he saved the auto industry to send jobs to china, which is not true. >>> we oom come back to op-eds written by romney. i want to ask one more thing. i get e-mails all the time. conservative commentators say that the media collectively are giving president obama too much of a pass on what happened at the consulate in benghazi. now, has that story been undercovered
sold chrysler to italians who are going to build jeeps in china. it doesn't say but implies that some of those are the american jobs. >> here's what sort of drives me crazy about this. i look them up. i look them up on the ad and he gives it four pinocchios and he writes, quote, technically correct but misleading. i don't know. if it's technically correct doesn't it mean it's a two-pinocchio thing or something? bill says we expect ads to be a little misleading. >> let me get a brief...
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it's chrysler, first of all. >> sorry. i'm sorry. >> jeep has said they're going to reopen a facility that was closed after daimlerchrysler, you know, broke apart years ago. it will be in china to produce for the chinese market, and that's all the ad says. there's nothing inaccurate about it. those jeeps are now being produced in america, and they're being exported to china in an asian market. >> the suggestion that the jobs are being exported has been denied by the auto companies. >> well, there's -- you know, that's a suggestion that you might want to make, but, you know, that's not what the ad said. i'm delight chrysler is making an investment, and fee at is making an investment in ohio. i'm supportive of that. it's great if they want to expand production here. i hope they will. the fact is that we now are proud to send to china, to estaz wra. we export about 25% of what we make here, and so if you're going to start production facilities overseas, obviously we're going to lose some of our exports here. that's all the ad
it's chrysler, first of all. >> sorry. i'm sorry. >> jeep has said they're going to reopen a facility that was closed after daimlerchrysler, you know, broke apart years ago. it will be in china to produce for the chinese market, and that's all the ad says. there's nothing inaccurate about it. those jeeps are now being produced in america, and they're being exported to china in an asian market. >> the suggestion that the jobs are being exported has been denied by the auto...
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romney has made some errors in the last week or so in ohio, particularly with this issue of jeep and chrysler, getting money in the auto bailout and supposedly transferring manufacturing, having intention to transfer manufacturing to china. that is not playing well in ohio. >> let's talk about how the polls are playing in ohio. it's not possible to overstate the importance of ohio in determining who is going to win tuesday. no republican has ever won the presidency without taking a state. let's take a look at very latest data. a cnn/orc poll of likely voters shows president obama with a three-point lead, but that's still inside the margin of error. this is a dead heat. that's why we call them swing states. a separate nbc news/"wall street journal"/marist poll shows a wired margin for the president, a six-point lead. john, do one of these guys have the clear momentum heading into tuesday, or is it still just absolutely up for grabs? >> well, christine, let's put all the partisan spin aside because there's a lot of that going on in the final days and hours of an election. what we've seen in the
romney has made some errors in the last week or so in ohio, particularly with this issue of jeep and chrysler, getting money in the auto bailout and supposedly transferring manufacturing, having intention to transfer manufacturing to china. that is not playing well in ohio. >> let's talk about how the polls are playing in ohio. it's not possible to overstate the importance of ohio in determining who is going to win tuesday. no republican has ever won the presidency without taking a state....
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he said chrysler was thinking about moving its jeep operations to china. that was despite the fact that chrysler had come out with a statement on its website saying no, that is not the case, they are not moving its operations of jeep over to china. so it is a sign that yes, they are concerned about that position on the auto bailout and he is getting pounded relentlessly on the airwaves with obama campaign ads talking about that very stance. >> brianna, you say the obama campaign is pleased with where they are in ohio. in terms of their ground game, in terms of the number of people they have on the ground in ohio, how does it compare to romney campaign? >> compared to the romney campaign, i think they would say that they are doing better in terms of their ground game. they say this about a lot of battleground states because they've had this in place for years now, since the last election, and it never really went away. so this is something they are emphasizing now and the strategy for president obama is really to show up, to visit. he will be traveling mond
he said chrysler was thinking about moving its jeep operations to china. that was despite the fact that chrysler had come out with a statement on its website saying no, that is not the case, they are not moving its operations of jeep over to china. so it is a sign that yes, they are concerned about that position on the auto bailout and he is getting pounded relentlessly on the airwaves with obama campaign ads talking about that very stance. >> brianna, you say the obama campaign is...
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they assert that president obama forced chrysler into bankruptcy so the italians could take over chrysler. and ship jeep manufacturing to china. that's what the ad says. that's what the ad said. it's an outrageous lie. >> don avalon is a cnn contributor who also serves as a senior political columnist for "ne "newsweek" and the daily beast. joining from us youngstown, ohio. i know you've done a lot of reporting on this issue. is the ad inaccurate? >> reporter: the ad is inaccurate, but it really is resonating here in ohio, and not in a good way for the romney campaign. a lot of voters i've spoken to, they've heard about the ad, they've seen it and understand it's an attempt to muddy the waters and play fast and loose with the facts. that's not helping the romney campaign. voters i've spoken to say he didn't need to do this. why did he do this late in the game? we also spoke to ohio senators, rob portman and sherrod brown about the ad. and here's what they said, carol. >> i say it's the most disingenuous ad i've seen. they know better. they know the auto rescue worked. they understand that
they assert that president obama forced chrysler into bankruptcy so the italians could take over chrysler. and ship jeep manufacturing to china. that's what the ad says. that's what the ad said. it's an outrageous lie. >> don avalon is a cnn contributor who also serves as a senior political columnist for "ne "newsweek" and the daily beast. joining from us youngstown, ohio. i know you've done a lot of reporting on this issue. is the ad inaccurate? >> reporter: the ad...
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. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. >> political contributor john avalon is joining us from youngstown, ohio. john, i understand that, first of all, there has been some pushback from the auto industry execs over the ad. how is this playing out? >> suzanne, it is fascinating. the auto industry here is a political issue, it is a personal issue, it is a pocketbook issue. it is very much a central focus of the debate. we have spoken to senators on both democrat and republican sides of the aisle, senator rob portman and sherrod brown about this ad. take a listen. >> i say it is the most disingenuous ad i've ever seen. they know better. they know the auto rescue worked. they know that ohio reasons connected directly or indirectly to the auto rescue and they know that governor romney and my opponent's opposition to the auto rescue, they're trying to crowd the issue and it is pretty outrageous. >> it is their game to the extent it is reported in the media and that's all they have said, there is reports this coul
. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. >> political contributor john avalon is joining us from youngstown, ohio. john, i understand that, first of all, there has been some pushback from the auto industry execs over the ad. how is this playing out? >> suzanne, it is fascinating. the auto industry here is a political issue, it is a personal issue, it is a pocketbook issue. it is very much a central...
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and the ceo of chrysler sent an e-mail to all of its employees that said, "chrysler group's production plans for the jeep brand have become the focus of public debate. i feel obliged to unambiguously restate our position. jeep production will not be moved from the united states to china. it's inaccurate to suggest anything different." steve rattner was formerly the obama administration's car czar. bill blasick is detroit bureau chief for "the new york times" and author of "once upon a car: the fall and resurrection of america's big three automaker automakers -- gm, ford and chrysler." i saw the commercial, see how it could deliver a message that obama brought down the big three, chrysler and jeep, and he's moving jobs out of droit now to the united states. i think both those claims are false. what is your view, and in fact, objective reporting on that? >> well, it's very unusual for general motors and chrysler, first off, to respond to a political ad. both companies were bailed out, and have turned their fortunes around, since their bankruptcies. and i think they both took a vow of sil
and the ceo of chrysler sent an e-mail to all of its employees that said, "chrysler group's production plans for the jeep brand have become the focus of public debate. i feel obliged to unambiguously restate our position. jeep production will not be moved from the united states to china. it's inaccurate to suggest anything different." steve rattner was formerly the obama administration's car czar. bill blasick is detroit bureau chief for "the new york times" and author of...
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. >> obama took gm and chrysler bankruptcy and sold chrysler to italians who will s in china. >> it is an outrageous lie. captioned by the national captioning institute --www.icap.org-- >> we thought this was going to special preelection broadcast. that all weking have to do his handicap the election. sandy.ong came hurricane politics, all wiseman told never that you can around ththe corner. then't want to minimize tragic human dimensions of this aftermath, butt is a politil program d the election is next tuesday, so here goes. new jersey gov. chris christie prior to the storm. let's give you the plane ride back to chicago ththat you have earned. i cannot thank the president and compassion for the state.of our >> he has putis heart and soul that the people jersebounce back .tronger than before >> for the past feways, voters president hugging looking, well, presidential during a time of .risis election practically on doorstep, how will the and its of sandy mark?ath play out, >>>> good for president obama i. the time of disaster, the only electe officials who have an opportunity toto per
. >> obama took gm and chrysler bankruptcy and sold chrysler to italians who will s in china. >> it is an outrageous lie. captioned by the national captioning institute --www.icap.org-- >> we thought this was going to special preelection broadcast. that all weking have to do his handicap the election. sandy.ong came hurricane politics, all wiseman told never that you can around ththe corner. then't want to minimize tragic human dimensions of this aftermath, butt is a politil...
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so jeep chrysler came out, fiat, the company, they said, absolutely wrong. general motors, have you ever heard of a company which has got a deal with whoever the next president is, come out and scold the presidential candidate the way there is. everybody we talked to says mitt romney is flat out wrong on this. and, again, we're puzzled that he would do that. he's competitive in ohio. this is a dead heat. statistically a dead heat between romney and obama. very puzzling to hear how this is going over here. >> and just to add to that, the swing voters we're talking to here, there is a sense that this issue resonated. the front pages, the local newspaper here is about romney on the auto industry. >> people are mad. >> and it is registering as an unforced error. people take it very personally here, their jobs, their local economy is connected to the auto bailout and stimulus package according to the mayor here. >> yeah. and, john, listen, the president has a tough sell. it may be an easier sell for mitt romney and the reason i say that is because when everyone i
so jeep chrysler came out, fiat, the company, they said, absolutely wrong. general motors, have you ever heard of a company which has got a deal with whoever the next president is, come out and scold the presidential candidate the way there is. everybody we talked to says mitt romney is flat out wrong on this. and, again, we're puzzled that he would do that. he's competitive in ohio. this is a dead heat. statistically a dead heat between romney and obama. very puzzling to hear how this is going...
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. >> sold chrysler to italians who are going to build jeeps in china. >> an outrageous lie. captioned by the national captioning institute --www.ncicap.org-- >> we thought this is going to be a special preelection broadcast, that all we would have to do is handicapped the election. then along came hurricane sandy. in politics, a wise man told me once that you can never see around the corner. i don't want to minimize the tragic human dimensions of this giant storm and its aftermath, but this is a political program and the election is next tuesday, so here goes. we start with new jersey gov. christie prior to hurricane sandy. >> send you back to chicago -- give you the plane trip back to chicago you have earned. i cannot thank the president enough for his personal concern and compassion for the people of our state. >> he has put his heart and soul into making sure that the people of new jersey bounce back stronger than before. >> for the past several days, voters have seen the president on tv, at the white house, the red cross, as you just saw with the governor christie. they
. >> sold chrysler to italians who are going to build jeeps in china. >> an outrageous lie. captioned by the national captioning institute --www.ncicap.org-- >> we thought this is going to be a special preelection broadcast, that all we would have to do is handicapped the election. then along came hurricane sandy. in politics, a wise man told me once that you can never see around the corner. i don't want to minimize the tragic human dimensions of this giant storm and its...
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what about chrysler isn't tt a foreign car? >> of course we would be buying. >> is chrysler a foreign car company its owned by fiat. >> all of the companies are world car companies. we are a global economy. the issue is should government guarantee it. yes. in the case ofuarantee. look what happened in wall street. the private sector didn't save bear sterns or fannie mae or freddie mac. the government had to step in . fannie mae and freddie mac were government guaranteed. >> can we focus here? we have to save the american companies to keep them american and now chrysler is owned by fiat. >> the president had his own problem with reality. i am not for balldentities or guarantee. instead of things done for economic purposes they are done for politica purpose. look how tax paters are hose the stock is down and equities in general are up. and there is a myth if gm shut down and never open all of the jobs would have lost. capitol in gm , be reallocate many other jobs would be created in the economy. they weaken automakerings. out of
what about chrysler isn't tt a foreign car? >> of course we would be buying. >> is chrysler a foreign car company its owned by fiat. >> all of the companies are world car companies. we are a global economy. the issue is should government guarantee it. yes. in the case ofuarantee. look what happened in wall street. the private sector didn't save bear sterns or fannie mae or freddie mac. the government had to step in . fannie mae and freddie mac were government guaranteed....
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that's chrysler's quote. and then sergio, the ceo of chrysler sent an e-mail to employees expressly stating chrysler is absolutely not sending jobs to china. "the washington post," the fact checker, gave the ad four pinocchios. you can't even get more deceptive than that. president obama's campaign ran this response to the romney lying ad. >> after romney's false claim of jeep outsourcing to china chrysler itself has refuted romney's lie. the truth? jeep is adding jobs in ohio. mitt romney and ohio jobs, wrong then. >> romney: let detroit go bankrupt. >> announcer: dishonest now. >> jennifer: and then romney's campaign did it again! but this time it wasn't chrysler. now, today they're paying for a radio ad saying the same thing about general motors. and that radio ad caused general motors to issue this statement. we've clearly entered some parallel universe during these last few days. no amount of campaign politics at its cynical worst will diminish our record of creating jobs in the u.s. and repatriating pro
that's chrysler's quote. and then sergio, the ceo of chrysler sent an e-mail to employees expressly stating chrysler is absolutely not sending jobs to china. "the washington post," the fact checker, gave the ad four pinocchios. you can't even get more deceptive than that. president obama's campaign ran this response to the romney lying ad. >> after romney's false claim of jeep outsourcing to china chrysler itself has refuted romney's lie. the truth? jeep is adding jobs in ohio....
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then he said the president had allowed chrysler, which owns jeep, to move jobs to china. then not satisfied with that, since fiat owns part -- he said -- i can't make this up. he said that the president had allowed the italians to move jobs to china. >> all right. you're listening there to bill clinton. he's in indian river high school there in chesapeake, virginia, campaigning on behalf of the president who is campaigning in the swing state of ohio. of course, if you want to see any more of clinton's speech, go to cnn.com/live right now. all right. now to the latest on superstorm sandy. there are reports that at least 22 million gallons of gas are headed to the northeast to relieve in the shortages. gas rationing got under way in new jersey in 12 counties in an effort to cut down on wait times. people there had been waiting in miles along lines for hours to gas up their cars and get fuel for their generators. >>> all right. some voters in new jersey will face a pretty big election day challenge because of superstorm sandy. five days after the storm polling station manage
then he said the president had allowed chrysler, which owns jeep, to move jobs to china. then not satisfied with that, since fiat owns part -- he said -- i can't make this up. he said that the president had allowed the italians to move jobs to china. >> all right. you're listening there to bill clinton. he's in indian river high school there in chesapeake, virginia, campaigning on behalf of the president who is campaigning in the swing state of ohio. of course, if you want to see any more...
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months later when gm and chrysler asked for more taxpayer money, congress refused. so the president did it on his own. >> we cannot and must not and we will not let our auto industry simply vanish. >> and he went against the advice of his own -- some cases, his own advisers. >> he bailed out the auto industry anyway in a wildly unpopular move opposed by nearly three quarters of americans. as well as his future republican opponent mitt romney. at first the restructuring of the industry cost thousands their jobs. >> when you look at everything from the auto bailout which was very unpopular at the time. if i'd been leading with emotions or had my political hat on, we might not have done, but saved a million jobs. >> ultimately, the bailout saved jobs and it provided the industry a safety net. but the president was not effective at selling it. >> it would be great if you were sitting down for an hour-long lecture in a classroom but not necessarily try to sell it to the public. he doesn't think in sound bites. >> while the president pushed forward on his agenda, his crit
months later when gm and chrysler asked for more taxpayer money, congress refused. so the president did it on his own. >> we cannot and must not and we will not let our auto industry simply vanish. >> and he went against the advice of his own -- some cases, his own advisers. >> he bailed out the auto industry anyway in a wildly unpopular move opposed by nearly three quarters of americans. as well as his future republican opponent mitt romney. at first the restructuring of the...
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now, chrysler responded to this controversy. i want you to pay close attention to what a corporation said about what mitt romney said. first they start out saying, let's set the record straight. jeep has no intention of shifting production of its jeep models out of north america to china. it's simply reviewing the opportunities to return jeep output to china for the world's largest auto market. u.s. jeep assembly lines will continue to stay in operation, a careful and unbiased reading of the bloomberg take would have saved unnecessary fantasies and extravagant comments. you know what, folks? i don't think the obama campaign could have written that release any better. but that came from chrysler, ripping on mitt romney. in fact, mitt romney's entire campaign is about unnecessary fantasies and extravagant comments. his lie about chrysler was not only dishonest, it was irresponsible. romney said hundreds of jobs were at stake with no facts whatsoever to support his claim. where does he get his information. what kind of president is
now, chrysler responded to this controversy. i want you to pay close attention to what a corporation said about what mitt romney said. first they start out saying, let's set the record straight. jeep has no intention of shifting production of its jeep models out of north america to china. it's simply reviewing the opportunities to return jeep output to china for the world's largest auto market. u.s. jeep assembly lines will continue to stay in operation, a careful and unbiased reading of the...
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and chrysler and jeep. and i'm trying to figure out which someone more serious. >> bill: let me help you out. one is a lie and one is not. the intelligence reports read the reports i have, the intelligence reports from on the scene in benghazi at the time of the protests were protestors there told our intelligence officers they were reacting to the protests in cairo which were directly triggered by that video. now, there was more to it than that. but at the time, what they reported was exactly what they were told by protestors on the scene. that was not a lie. that was what they were told. they were the intelligence reports from the c.i.a. okay? >> wasn't that a talking point from the c.i.a.? >> bill: no, they weren't talking points from the c.i.a. didn't you hear me? they were intelligence reports from the field. now, look, they turned out to be not totally accurate. there was more to it than that at the time, that's what they were told. that is no comparison to the lie that mitt romney is telling that g.m
and chrysler and jeep. and i'm trying to figure out which someone more serious. >> bill: let me help you out. one is a lie and one is not. the intelligence reports read the reports i have, the intelligence reports from on the scene in benghazi at the time of the protests were protestors there told our intelligence officers they were reacting to the protests in cairo which were directly triggered by that video. now, there was more to it than that. but at the time, what they reported was...
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Oct 27, 2012
10/12
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he said if gm and chrysler had gone into a free fall bankruptcy, they would have taken the entire supply chain and auto agency with it. he said that in 2010. so that's really what -- >> speculation is not accurate. >> it is because there was no way that private capital were going to keep those companies alive into a chapter 11 reorganization. they would have gone into liquidation. we would have lost not only those two companies, but the supply chain. >> what he said, these are his words, the american auto industry is vital to our national interest as employer and hub for manufacturing, a managed bankruptcy may be the only path the industry needs. ultimately, isn't that what happened? a managed bankruptcy by the u.s. government. >> a lot of help by the u.s. government and they would have never gotten there. the group working on this, went to his old company and said would you put some money in this in front of the bankruptcy. they said no. i think the u.s. had to step in at that paint and the taxpayers are going to get all or most of their money back as a result. >> i don't know about gm.
he said if gm and chrysler had gone into a free fall bankruptcy, they would have taken the entire supply chain and auto agency with it. he said that in 2010. so that's really what -- >> speculation is not accurate. >> it is because there was no way that private capital were going to keep those companies alive into a chapter 11 reorganization. they would have gone into liquidation. we would have lost not only those two companies, but the supply chain. >> what he said, these are...
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. >> obama took a gm and chrysler into bankruptcy and sold chrysler to italians who were going to build jeeps and china. mitt romney will fight for every american job. gerri: and the left out swinging today claiming the ad is inaccurate, including joe biden who called it flagrantly dishonest. my next guest says romney has it right. here to explain, associate fellow for the national legal and policy center. great to have you back. always a pasure to have you on the show. this all came out of a report in bloomberg. let me read you what the road and read your response. european sales, the ceos, sergio marchini, considering building chrysler models in italy, including jeeps, for export to north america. now, is that true or is that false? >> that is absolutely true, and prior to that there was a bloomberg report that did say that the yacht was going to be building jeeps in china, possibly old jeeps, so that is where the governor romney got that information. now, there was one slight inaccuracies under the romney and where he said the obama administration sold chrysler to the italians. he di
. >> obama took a gm and chrysler into bankruptcy and sold chrysler to italians who were going to build jeeps and china. mitt romney will fight for every american job. gerri: and the left out swinging today claiming the ad is inaccurate, including joe biden who called it flagrantly dishonest. my next guest says romney has it right. here to explain, associate fellow for the national legal and policy center. great to have you back. always a pasure to have you on the show. this all came out...
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Nov 1, 2012
11/12
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obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. megyn: stu varney walks us through facts and fix with one of the hottest topics on the campaign trail with five days to go. new york city commuters enduring hours and hours -- normally we have an hour, hour and a half commute, that is not unusual for new yorkers. we are talking four, five hour commutes in bumper-to-bumper traffic to get in and do their jobs. like everyone else in the country the folks that work in manhattan need their paychecks. we are seeing vehicles packing the gas stations that still have fuel. some waiting in lines that are miles long but patients is not long it is short and it is getting shorter by the day. trace gallagher following the traffic nightmare, trace. >> reporter: before i show you more of the crazy pictures megyn and they are crazy i want to give you the problem in a nutshell, the new york metro area gets 25% of its gas from two refineries, those refineries are shut down. the new york harbor 20% comes through the new york harbor it's shut do
obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. megyn: stu varney walks us through facts and fix with one of the hottest topics on the campaign trail with five days to go. new york city commuters enduring hours and hours -- normally we have an hour, hour and a half commute, that is not unusual for new yorkers. we are talking four, five hour commutes in bumper-to-bumper traffic to get in and do their jobs. like everyone else in the...
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Oct 31, 2012
10/12
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. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build screams in china. >> chairman of the ohio democrats, chris redfern and senator nina turner are here to tell us why the buckeye state isn't buying it. >>> and coming up, richard wolffe is here with the latest on how hurricane sandy will affect the election with six days out, america looks at which candidate they want in an emergency. >> cooperation has been great with fema on the ground and the cooperation from the president of the united states has been outstanding. he deserves great credit. he deserves great credit. >>> welcome back to "the ed show." throughout this entire campaign mitt romney seems to have really struggled with the truth, don't you think? but his new jeep to china ad campaign could be the biggest lie to date. romney is running a completely false commercial in ohio. it claims because of the auto loan, chrysler is planning to move jeep production to china. the claim is a flat out lie. after romney was told the ad was false, he doubled down and started running this rad
. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build screams in china. >> chairman of the ohio democrats, chris redfern and senator nina turner are here to tell us why the buckeye state isn't buying it. >>> and coming up, richard wolffe is here with the latest on how hurricane sandy will affect the election with six days out, america looks at which candidate they want in an emergency. >> cooperation has been great with...
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Oct 28, 2012
10/12
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initially opposed the auto bailout reversed itself because of the manner in which general motors and chrysler were forced by the government to cut costs and become competitive. now all these good signs in the economy come with caveats. europe continues to weaken. the fiscal cliff looms ominously. but compared with the rest of the industrialized world and with the arc of other post-bubble recoveries, the united states is ready for a robust revival. this is partly because of the dynamism of the u.s. economy but also because of the timely and intelligent actions of the fed and the obama administration. the next president will reap the rewards of work already done. so it would be the ultimate irony if having strongly criticized every measure that contributed to these positive trends mitt romney ends up presiding over what she would surely call the romney recovery. for more on this, go to cnn/fareed for a link to my "washington post" column. and let's get started. ♪ >>> let's get straight to our terrific panel to talk about the economy and obviously a little politics, as well. joe klein is "time
initially opposed the auto bailout reversed itself because of the manner in which general motors and chrysler were forced by the government to cut costs and become competitive. now all these good signs in the economy come with caveats. europe continues to weaken. the fiscal cliff looms ominously. but compared with the rest of the industrialized world and with the arc of other post-bubble recoveries, the united states is ready for a robust revival. this is partly because of the dynamism of the...
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Nov 4, 2012
11/12
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it was not just general motors and chrysler. there is a reason all the german and japanese companies that make companies were for the automobile restructuring. they knew if general motors quit buying parts, they were toast. it is another example of, we are all in this together. barack obama made the right decision. his opponent was wrong. [applause] in an unbelievable attempt to distract the voters of ohio where one in 80 jobs depend on -- one in eight jobs depends on the car business, he accused the president of allowing the jeep to move the jobs to china. [boosd] i remember how hard it was for us to get it there. i know that they are expanding the plant, hiring more people and taking on more production. [cheers and applause] first, jeep said it was not so. then chrysler said governor romney was wrong. they said, even general motors rebuked him. when i was a kid and i got my hand caught in a cookie jar, my face turned red. i took my hand out of the cookie jar, not gov. romney. he is looking for more cookies. [laughter] when gen
it was not just general motors and chrysler. there is a reason all the german and japanese companies that make companies were for the automobile restructuring. they knew if general motors quit buying parts, they were toast. it is another example of, we are all in this together. barack obama made the right decision. his opponent was wrong. [applause] in an unbelievable attempt to distract the voters of ohio where one in 80 jobs depend on -- one in eight jobs depends on the car business, he...